Three Gorges International has successfully completed a 10% equity transaction for the Mali Bay offshore wind power project in the UK, setting a precedent for overseas clean energy asset rotation and demonstrating its overseas investment strength to a new level. Three Gorges International has successfully completed the sale and delivery of 10% equity in the Mali Bay offshore wind power project in the UK. This not only marks the company's first rotation of overseas clean energy assets, but also a significant improvement in its core overseas investment capabilities.

The Mary Bay offshore wind power project is located in the Mary Bay area of Scotland, UK, 22 kilometers offshore. It is a large-scale offshore wind power project jointly developed and constructed by Three Gorges International, Portuguese Power, French Gas Company, and Japanese Mitsubishi Company in the UK. The total installed capacity of the project is 950000 kilowatts, and the annual equivalent utilization hours exceed 4000 hours. After the project is fully put into operation and generates electricity, it can meet the electricity needs of about 100000 households in the local area.

On October 19, 2015, Three Gorges International and Portugal Electric Power signed a cooperation agreement on joint investment and development of the project. In 2018, it completed the acquisition of 10% equity in the project, becoming the first Chinese enterprise to invest in a global million kilowatt offshore wind power project. On June 5, 2021, the first unit was successfully connected to the grid for power generation. In April 2022, the project officially entered commercial operation. On December 29, 2023, an equity sale agreement was signed. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

The acquisition and precise sale of equity participation in the Mali Bay offshore wind power project demonstrate Three Gorges International's keen ability to capture market dynamics and its proactive attitude towards expanding the overseas clean energy market. This strategy not only brings significant investment returns, but also achieves effective capital return, becoming a powerful example of promoting the sustained, stable, and high-quality development of the company's international business. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen